Market news
Daily summary: US stocks edge lower at the end of volatile quarter
European indices jumped over 1% on the last trading day of the month, however were down for the third consecutive quarter, the longest losing streak since early 2011. Flash data on CPI inflation ...
Nike stock plunges on inventory concerns
Nike (NKE.US) stock fell over 11.0% on Friday as better-than-expected quarterly results were overshadowed by excess inventory levels. Other retailers were also dragged down, with Lululemon Athletica (...
Three markets to watch next week (30.09.2022)
Next week on the markets is set to be another interesting one, given a number of top-tier macro releases and events scheduled. Focus will be mostly on US jobs data for September (Friday, 1:30 pm BST) ...
WTI oil below $80 per barrel
Oil prices fell sharply at the beginning of the US session. It seems that the release of PCE inflation report, which showed rising price pressure, rather reduces the chances of another "pivot" from th...
Metaverse - catalyst or Meta Platforms' anathema? ⏳
Meta Platforms' stock has been the biggest disappointment of all US technology companies this year, enjoying a capitalization of more than $1 trillion in 2021. Meta has performed surprisingly poorly a...
Michigan Consumer Sentiment revised lower
The University of Michigan's consumer sentiment for the US was revised lower to 58.6 in September from a preliminary of 59.5, still above 58.2 in July, final estimates showed.&nbs...
BREAKING: USD weakens slightly after US data pack
Core PCE prices in the US which exclude food and energy rose 0.6% month-over-month in August, following 0.1% gain in July and above market expectations of a 0.5% rise. Year-on-year, core PCE i...
BREAKING: Eurozone inflation accelerates to 10%!
Flash data on CPI inflation in the eurozone showed an acceleration from 9.1% from 10.0% YoY. Market expected an acceleration to 9.7% YoY. Guessing the reading based on data from member countries was q...
Chart of the day - GBPUSD (30.09.2022)
The British pound staged an impressive comeback in spite of poor fundamentals. Announcement of new fiscal measures last week triggered a slump on GBP market and UK bond market, forcing Bank of England...
Economic calendar: US PCE inflation for August, Fed speakers
European indices set for flat opening US PCE inflation for August Inflation data from euro area European index futures point to a flat opening of today's cash trading session on the Ol...
Morning wrap (30.09.2022)
US indices finished yesterday's session significantly lower. S&P 500 dropped 2.11%, Dow Jones moved 1.54% lower and Nasdaq slumped 2.84%. Russell 2000 finished 2.35% lower Interestingly, d...
Daily summary: Global stocks' relief rally fades, GBP regains some ground
European equities deepened recent sell-off, with Germany’s DAX and French CAC40 closing at almost two-year lows, down by 1.71% and 1.53%, respectively; Germany's inflation rate increased t...
CarMax sinks 25% after terrible quarterly results
CarMax (KMX.US) stock plunged over nearly 25.0% after the auto retailer posted disappointing quarterly figures as “affordability challenges” had a negative impact on sales. Company earned 79 cent...
BREAKING: NATGAS tumbles after EIA report
The US Energy Information Administration reported today that domestic supplies of natural gas increased by 103 billion cubic feet for the week ended September 23, same as in the previous wee...
USD strengthens slightly after US GDP and claims data
The US economy contracted an annualized -0.6% in the second quarter, following a 1.6 % contraction in the previous three-month period and matching the second revision. Today's...
